Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,624 shares of the technology company's stock after selling 1,249 shares during the period. Alps Advisors Inc.'s holdings in Guidewire Software were worth $2,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GWRE. MassMutual Private Wealth & Trust FSB boosted its position in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Ossiam purchased a new position in shares of Guidewire Software during the 4th quarter worth $29,000. Dunhill Financial LLC acquired a new stake in shares of Guidewire Software during the first quarter worth $33,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the period. Finally, Colonial Trust Co SC grew its position in shares of Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares during the period.

Guidewire Software Price Performance

GWRE stock opened at $219.44 on Friday. The firm has a market cap of $18.47 billion, a P/E ratio of 548.60, a price-to-earnings-growth ratio of 19.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20. The stock has a 50-day simple moving average of $228.37 and a 200-day simple moving average of $204.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. Guidewire Software's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. On average, equities analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Raymond James Financial boosted their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. JMP Securities increased their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $248.31.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $256.50, for a total value of $359,100.00. Following the transaction, the chief executive officer owned 245,993 shares in the company, valued at approximately $63,097,204.50. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the sale, the president directly owned 146,489 shares of the company's stock, valued at $34,432,239.45. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,860 shares of company stock valued at $4,214,136. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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